ABN Amro has taken a 25% stake in retail-oriented MTF The Order Machine (TOM).
TOM, a joint venture between BinckBank and Optiver, won its broker license in June last year and says it expects to start trading Dutch equities over the platform in the "near future".
The MTF is competing with Equiduct and Deutsche Börse-controlled TradeGate Exchange to provide a pan-European liquidity centre for retail order flow.
Currently acting as the clearing party for transactions carried out through TOM, ABN Amro says it may also opt to route its order flow of equities and derivatives via the platform.
Willem Meijer, CEO of TOM, says the MTF is in talks with other banks and brokers about joining the platform: "It has always been our intention to give third parties access to TOM, both as a member and/or as a shareholder. I am delighted that ABN Amro will join TOM as a shareholder as it reflects their confidence in TOM's future."
He adds that a request to extend TOM's MTF-license to cover derivatives is under consideration with the Dutch supervisory authorities.